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Biden’s huge stimulus package sets a new standard
Progressive political parties worldwide should be taking notes from the Democrats’ remarkable trillion-dollar boost to US infrastructure — and asking why we cannot be as ambitious, argues JAMES MEADWAY
Biiden

JOE BIDEN’S administration has launched itself with striking purpose and drive, pushing through an initial $1.9 trillion stimulus package heavily targeted towards the poorest workers in the US. He is now following up with a planned $2 trillion “American Jobs Plan.”

$621bn is earmarked to overhaul America’s creaking road and rail infrastructure, $300bn is planned for manufacturing, $221bn for affordable housing, $100bn for superfast broadband across the whole country and billions for research and development.

In terms of scale, nothing like this has been attempted by a US government since President Franklin Roosevelt’s “New Deal” of the 1930s.

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